Evergy, Inc. (NASDAQ:EVRG) Shares Sold by Huber Capital Management LLC

Huber Capital Management LLC decreased its position in Evergy, Inc. (NASDAQ:EVRG) by 32.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,167 shares of the company’s stock after selling 4,491 shares during the period. Huber Capital Management LLC’s holdings in Evergy were worth $564,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in EVRG. HighTower Advisors LLC grew its holdings in Evergy by 391.1% in the 3rd quarter. HighTower Advisors LLC now owns 97,186 shares of the company’s stock worth $6,030,000 after buying an additional 77,398 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Evergy by 84.6% during the fourth quarter. Allworth Financial LP now owns 7,975 shares of the company’s stock valued at $501,000 after purchasing an additional 3,654 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Evergy during the fourth quarter valued at $49,000. Hennion & Walsh Asset Management Inc. raised its stake in shares of Evergy by 23.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 10,692 shares of the company’s stock valued at $658,000 after purchasing an additional 2,004 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Evergy by 15,406.4% in the fourth quarter. SG Americas Securities LLC now owns 921,546 shares of the company’s stock worth $56,721,000 after purchasing an additional 915,603 shares during the period. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Trading Up 0.6 %

Evergy stock opened at $69.43 on Thursday. The firm has a market cap of $15.97 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 2.82 and a beta of 0.62. Evergy, Inc. has a 1 year low of $49.55 and a 1 year high of $69.93. The firm’s 50 day moving average price is $66.61 and its two-hundred day moving average price is $63.50. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55.

Evergy (NASDAQ:EVRG) last announced its earnings results on Thursday, February 27th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.11). The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. On average, research analysts predict that Evergy, Inc. will post 3.83 EPS for the current fiscal year.

Evergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend was Monday, March 10th. Evergy’s dividend payout ratio (DPR) is currently 70.45%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. LADENBURG THALM/SH SH raised shares of Evergy to a “strong-buy” rating in a research note on Monday, March 17th. UBS Group boosted their target price on Evergy from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Barclays increased their price target on Evergy from $62.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Finally, Guggenheim raised Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $69.08.

About Evergy

Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in the United States. The company generates electricity through coal, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources. It serves residences, commercial firms, industrials, municipalities, and other electric utilities.